KKR’s Back-Door Listing

Monday, July 28, 2008
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By now, you’ve probably heard about the private equity firm, Kohlberg Kravis Roberts (KKR), going public. Eric Englund writes to me:

More hilarity from Wall Street. What is missing from this article? Via this back-door method of listing on the NYSE, KKR is not raising new capital and has no intention of issuing new stock. So what is the purpose of this listing? Simple, it is an exit strategy for Henry Kravis and George Roberts. How else are these two

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